Protects the wetland mitigation site and/or the remaining wetlands on the property and restricts further development to the area described. Grantee is a state agency.
Michigan Conservation Easement for Wetlands
State:
Michigan
Control #:
MI-EAS-2
Format:
Word;
Rich Text
Instant download
Description Easement Michigan Property
Free preview Conservation Easement Estate
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Michigan Conservation Form FAQ
A wetland easement is a legal agreement signed with the United States of America, through the U.S. Fish and Wildlife Service (Service), that pays you to permanently protect wetlands. Wetlands covered by an easement cannot be drained, filled, leveled, or burned.
The Wetlands Reserve Program (WRP) is a voluntary program offering landowners the opportunity to protect, restore, and enhance wetlands on their property. The USDA Natural Resources Conservation Service (NRCS) administers the program with funding from the Commodity Credit Corporation.
The value of a conservation easement is determined by a qualified appraiser. The appraiser determines the value of the land before the conservation easement and subtracts the value of the land after the conservation easement to determine at the value of the conservation easement.
A conservation easement is a voluntary, legally recorded agreement between a landowner and the State of Michigan that restricts land to agricultural and open space uses. The easement prohibits or limits any subdivision, development, or any activity that would diminish the property's agricultural or open space value.
Yes, you reserve the right to lease your land for hunting and fishing. Hunting and fishing are considered undeveloped recreation activities. Temporary structures, such as tree stands and duck blinds, are permitted within the WRP easement.
The easement places limits on land use to help conserve the property's features. With an easement, the landowner still owns the land and can continues to live on and use it, restrict public access to it, and sell, give or pass the property on to whomever they wish.
The value of the donation of a conservation easement is considered a charitable deduction for income tax purposes. The deduction is up to 50% of the donor's charitable contribution base (adjusted gross income, less net operating loss carryback) for the taxable year.
Conservation easements are a great idea, in theory. Here's the way they work. Basically, if you are willing to donate your property for the public good, and that donation reduces the value of your property, you get to take a tax deduction equal to the reduction in the value of your property.